Offerpad Solutions Inc. (NYSE:OPAD) Director Roberto Marco Sella Acquires 7,698 Shares

Offerpad Solutions Inc. (NYSE:OPADGet Free Report) Director Roberto Marco Sella acquired 7,698 shares of Offerpad Solutions stock in a transaction dated Friday, June 14th. The stock was purchased at an average cost of $4.90 per share, with a total value of $37,720.20. Following the completion of the purchase, the director now owns 3,138,883 shares of the company’s stock, valued at $15,380,526.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Roberto Marco Sella also recently made the following trade(s):

  • On Wednesday, June 12th, Roberto Marco Sella bought 2,735 shares of Offerpad Solutions stock. The stock was purchased at an average price of $4.90 per share, with a total value of $13,401.50.
  • On Monday, June 10th, Roberto Marco Sella acquired 15,104 shares of Offerpad Solutions stock. The stock was purchased at an average cost of $4.89 per share, for a total transaction of $73,858.56.
  • On Wednesday, June 5th, Roberto Marco Sella bought 10,045 shares of Offerpad Solutions stock. The stock was purchased at an average price of $4.90 per share, with a total value of $49,220.50.
  • On Monday, June 3rd, Roberto Marco Sella acquired 8,003 shares of Offerpad Solutions stock. The stock was purchased at an average cost of $4.77 per share, with a total value of $38,174.31.
  • On Friday, May 31st, Roberto Marco Sella purchased 10,000 shares of Offerpad Solutions stock. The shares were acquired at an average cost of $4.87 per share, for a total transaction of $48,700.00.
  • On Wednesday, May 29th, Roberto Marco Sella bought 2,500 shares of Offerpad Solutions stock. The stock was acquired at an average cost of $5.07 per share, with a total value of $12,675.00.

Offerpad Solutions Stock Performance

Shares of NYSE OPAD traded up $0.11 during trading hours on Friday, reaching $5.12. 46,278 shares of the stock were exchanged, compared to its average volume of 37,043. The stock’s fifty day simple moving average is $6.37 and its 200 day simple moving average is $8.10. The firm has a market capitalization of $139.70 million, a price-to-earnings ratio of -1.86 and a beta of 1.85. Offerpad Solutions Inc. has a 52 week low of $4.50 and a 52 week high of $15.19.

Offerpad Solutions (NYSE:OPADGet Free Report) last announced its earnings results on Monday, May 6th. The company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.28). Offerpad Solutions had a negative return on equity of 69.44% and a negative net margin of 7.60%. The company had revenue of $285.36 million for the quarter, compared to analyst estimates of $272.07 million. Research analysts predict that Offerpad Solutions Inc. will post -1.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Offerpad Solutions stock. Citigroup Inc. boosted its stake in Offerpad Solutions Inc. (NYSE:OPADFree Report) by 60,888.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,956 shares of the company’s stock after buying an additional 21,920 shares during the period. Citigroup Inc. owned 0.08% of Offerpad Solutions worth $214,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 39.44% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on OPAD shares. Keefe, Bruyette & Woods lowered their price target on Offerpad Solutions from $6.25 to $6.00 and set an “underperform” rating for the company in a report on Wednesday, May 8th. JPMorgan Chase & Co. dropped their price target on Offerpad Solutions from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 27th. JMP Securities lowered their price objective on Offerpad Solutions from $12.00 to $9.00 and set a “market outperform” rating for the company in a research note on Tuesday, May 7th. Finally, The Goldman Sachs Group decreased their price target on Offerpad Solutions from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Offerpad Solutions currently has an average rating of “Hold” and an average target price of $9.83.

Check Out Our Latest Analysis on OPAD

Offerpad Solutions Company Profile

(Get Free Report)

Offerpad Solutions Inc, together with its subsidiaries, provides technology-enabled solutions for residential real estate market in the United States. It operates iBuying, a real estate solutions platform for on-demand customer that provides home buyers the opportunity to browse and tour homes online.

Featured Articles

Insider Buying and Selling by Quarter for Offerpad Solutions (NYSE:OPAD)

Receive News & Ratings for Offerpad Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Offerpad Solutions and related companies with MarketBeat.com's FREE daily email newsletter.